On January 1 of the current year, a company had the following securities in its capital structure:

• Common stock: 1,000,000 shares authorized; 200,000 shares issued and outstanding.
• Preferred stock: 20,000 shares of 9%, $100 par noncumulative, convertible preferred stock issued and outstanding. Each preferred share is convertible into 10 common shares.
• Incentive stock options: Options exercisable to purchase 12,000 common shares for $10 per share. All options were outstanding at the beginning and end of the year.

Additional information:

• Net income for the year was $450,000.
• The income tax rate was 25%.
• During the year, the company declared and paid the standard dividend on the preferred stock.
• During the year, the average market price of the company's common stock was $12 per share.

a.	What is the numerator of Basic EPS for the year?	["$450,000", "$270,000", "$337,500", "$180,000"]
b.	What is the denominator of Basic EPS for the year?	["200,000", "220,000", "212,000", "1,200,000", "1,000,000"]
c.	What is the numerator of Diluted EPS for the year?	["$630,000", "$270,000", "$405,000", "$180,000", "$450,000"]
d.	What is the denominator of Diluted EPS for the year? Chosse ["400,000", "390,000", "200,000", "202,000", "402,000"]